Beacon Chain block 155804

Hash

f798fd4e9eb8e4636564d83c75af2e7d713a84c224845a6f82b550bdc806375bb...

24 Oct 2022 23:12:11 UTC (2 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.